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The Institute of Chartered Accountants of India has released the Exposure DraftofRevised AS 12 -Income Taxesfor comments, with the last date beingJune 10, 2021. Comments may be submitted on the Exposure Draft electronically, or via email or post. Read the official announcement below: Accounting S
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FAQ :
The ICAI has released the Exposure Draft of Revised AS 12 - Income Taxes for public comments.
This revised standard is intended for entities to whom Indian Accounting Standards (Ind AS) are not applicable.
The last date for submitting comments on the Exposure Draft is June 10, 2021.
Comments can be submitted electronically via the ICAI website, by email to commentsasb@icai.in, or by post to the Accounting Standards Board in New Delhi.
The revision aims to maintain consistency with the numbering of Indian Accounting Standards (Ind AS) and update the standards for entities not adopting Ind AS.
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